Email: info@steel.gov.ng
Call: 234-(0)- 703 592 2055
MINISTRY OF
STEEL DEVELOPMENT (MSD)
Federal Republic of Nigeria
Welcome To Ministry Steel Development.
Minister Of Steel Development, Prince Shaibu Abubakar Audu.
Permanent Secretary, Dr. Chris O. Isokpunwu.
On The Line Of Duty.
Steel Production.
Steel Production.

LATEST PRESS


Feb
13
2026

AJAOKUTA, ACCOUNTABILITY AND THE LIMITS OF CONFRONTATION: WHY SENATOR NATASHA AKPOTI-UDUAGHAN GOT IT WRONG

The recent heated exchange between Senator Natasha Akpoti-Uduaghan and the Minister of Steel Development, Prince Shuaibu Audu, during the joint budget defence session of the National Assembly has once again drawn national attention to the long-suffering Ajaokuta Steel Company. While robust oversight is a constitutional duty of lawmakers, the tone, framing, and substance of the senator’s intervention raise important questions about method, motive, and maturity in public discourse.
No one disputes that Ajaokuta Steel Plant is a national tragedy of stalled ambition. For over four decades, successive governments have pledged to revive it. Billions of dollars have been expended with little to show. It is therefore understandable that emotions run high whenever the plant is discussed. However, passion must not eclipse prudence, especially in a forum as consequential as a joint budget defence session.

Senator Akpoti-Uduaghan’s comparison of Ajaokuta’s funding needs with the proposed 750-kilometre coastal road project—reportedly costing ₦15 trillion—was rhetorically striking but fundamentally flawed. National budgeting is not a zero-sum emotional contest between projects. Infrastructure priorities are determined by strategic economic frameworks, sectoral projections, financing structures, and long-term development plans. The coastal road, whether one agrees with it or not, is a transportation and logistics infrastructure project expected to unlock coastal economies and attract private capital. Ajaokuta, on the other hand, is a heavy industrial project with complex technical, legal, and financial entanglements spanning decades.

To juxtapose both projects as though one automatically undermines the other oversimplifies Nigeria’s economic planning process. It creates a false dichotomy and fuels public resentment rather than constructive debate. Ajaokuta’s revival requires clarity of ownership, technology partnerships, commercial viability studies, and credible financing models—not rhetorical comparisons designed to inflame.

Furthermore, questioning “the government’s real intention” in reviving the plant suggests bad faith without presenting concrete evidence of sabotage or insincerity. Oversight should interrogate timelines, procurement processes, and measurable deliverables. It should not descend into insinuations. When lawmakers imply hidden motives without substantiation, they risk eroding public trust in institutions rather than strengthening them.

The senator also criticized the committee for holding meetings and engaging with the media, suggesting that these efforts have yielded minimal impact. Yet legislative oversight often begins with consultations, stakeholder engagements, and policy reviews. A project as legally entangled as Ajaokuta—especially after arbitration disputes and international contractual complications—cannot be revived by fiat. It requires deliberate restructuring. Public hearings and media engagements are part of democratic accountability, not evidence of inaction.
Perhaps most contentious was her reference to the 2019 Nigeria–Russia bilateral agreement, under which $1.45 billion was reportedly pledged for Ajaokuta. Her caution that the minister should not “mislead Nigerians” implies that he may have misrepresented the status of that agreement. While transparency is essential, such accusations should be supported by documentary clarity rather than delivered in confrontational soundbites.

International agreements are often subject to renegotiation, feasibility assessments, and sovereign guarantees. A pledge is not the same as disbursed capital. Many bilateral memoranda of understanding never translate into cash-backed commitments. If the Russian facility remains contingent or conditional, it is legitimate for the minister to explain its current status without being accused of dishonesty. To frame policy complexities as deception risks politicizing what should be a technical discussion.
There is also the matter of decorum. Budget defence sessions are not campaign rallies. They are structured engagements where ministers present fiscal plans and legislators scrutinize them. Heated exchanges may generate headlines, but they do little to foster collaborative solutions. Nigeria’s steel sector has suffered not just from funding deficits but from policy inconsistency and political theatrics. What it needs now is stability.

It is worth noting that Minister Shuaibu Audu assumed office within a broader reform agenda aimed at repositioning the mining and steel sectors as pillars of economic diversification. His tenure, still relatively recent in the lifespan of Ajaokuta’s decades-long stagnation, cannot be solely blamed for historical inertia. Demanding immediate transformation of a project that has been dormant for over 40 years ignores the structural realities involved.

Constructive oversight would involve requesting detailed implementation timelines, insisting on performance benchmarks, and proposing legislative support mechanisms such as special purpose vehicles, concession frameworks, or public-private partnerships. It would not rely primarily on dramatic comparisons or adversarial posturing.

Moreover, public confidence in Ajaokuta’s revival depends on unified messaging from political leaders. Investors—local and international—observe these proceedings. When they see discord framed as distrust between legislative and executive arms, it reinforces perceptions of instability. Industrial megaprojects require investor confidence anchored in predictable governance.

This is not to suggest that Senator Akpoti-Uduaghan should remain silent. On the contrary, her constituency in Kogi Central has a legitimate interest in Ajaokuta’s success. Her advocacy for the plant is understandable and commendable in principle. However, advocacy must be strategic. Effective lawmakers build coalitions, engage quietly where necessary, and apply pressure through structured channels. Confrontation for its own sake may win applause in partisan circles but rarely accelerates complex industrial reforms.
The revival of Ajaokuta demands less grandstanding and more governance. It requires technical audits, credible investors, dispute resolution mechanisms, and political alignment. It also requires acknowledging that no single minister or senator can single-handedly fix what decades of mismanagement created.

In the end, Nigerians deserve transparency, realism, and responsibility. They deserve leaders who debate vigorously yet respectfully, who challenge figures with facts rather than insinuations, and who recognize that economic transformation is a marathon, not a media moment.
Senator Akpoti-Uduaghan’s passion for Ajaokuta is not in question. What is in question is whether her approach during the budget defence advanced the cause of steel revival or merely amplified political friction. At a time when Nigeria seeks industrial rebirth, the country needs statesmanship more than spectacle.

Ajaokuta is too important to become a stage for antagonism. It must instead be the arena for collaboration, clarity, and credible commitment. Only then can the promise of Nigeria’s steel dream move from perpetual debate to practical delivery.

May
08
2024

WE WILL MAKE NIGERIA’S STEEL SECTOR WORK -PRINCE SHUAIBU ABUBAKAR AUDU In a bid to harness the nation’s steel for economic growth and achieve its mandate of revitalising the nation’s Steel Sector to meet both local and international consumption, the Honourable Minister of Steel Development, Prince Shuaibu Abubakar Audu who is on a Two-Day Working tour of KAM Holdings Ltd to encourage them as well as address pertinent challenges they may be facing, disclosed that the Ministry, under his watch, will actualise the revival of the Steel Sector and make it work. During his courtesy visit to the Executive Governor, His Excellency, AbdulRahman Abdulrazaq in Ilorin, Kwara State on Tuesday 7th May 2024, Prince Audu noted that the “Renewed Hope Agenda” of the Present Administration is committed towards ensuring that the nation’s steel sector begin to work and utilized to revitalise the economy for the growth of the Gross Domestic Product (GDP) of the nation. The Honourable Minister expressed the Ministry’s willingness to support indigenous Steel Companies across the country to produce optimally to meet both local and international consumption. He said “we are here to show support to indigenous Steel Companies that can help provide millions of jobs for Nigerians. The Steel Sector when properly harnessed, can provide large scale jobs for the people and industrialize the country”. He further noted that aside from wooing foreign investors, the Ministry is committed to helping the indigenous companies grow to meet international best standards, adding that it was high time we ensured that “Nigeria is working for Nigerians”. In his remarks, the Executive Governor of Kwara State and Chairman of Nigeria’s Governors’ Forum, AbdulRahman Abdulrazaw, noted that the Minister’s visit shows his commitment towards attaining the mandate of the Ministry. He noted that the visit will afford the Minister to get the true facts in moving the sector forward. The Governor entreated the Ministry to consider KAM Holding Ltd should it need the input of an indigenous Steel Company to partner in the revival of the Ajaokuta Steel Company, adding that making Ajaokuta work is the albatross that would untie industrialization of the country. He said, “without getting the Steel Sector right, Nigeria cannot be industralized”. In her welcome address, the Vice Chairman, Kam Holding Ltd, Dr. Iyadunni Bolanle Yusuf, revealed that in the past, the Steel Sector was dominated by foreign owned companies until KAM Holding Ltd came on the scene, noting that KAM Holding Ltd is home to manufacturing companies of Liquid, Iron and Steel Products that are wholly owned by Nigerians. Dr. Iyadunni Bolanle Yusuf appealed to the Ministry to ensure it protects the indigenous Steel manufacturing sector as it plays a critical role in the growth and development of the country by providing materials for building infrastructures, automobiles, engineering, defense as well as being the bedrock of industrialization. The Honourable Minster also paid a courtesy visit to the Emir of Ilorin, Ibrahim zulu-Gambari.

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Apr
26
2024

AJAOKUTA STEEL: MINISTER OF STEEL DEVELOPMENT ENGAGES RUSSIA’S TPE CONSORTIUM ON REVIVAL The Honourable Minister of Steel Development, Prince Shuaibu Abubakar Audu, has engaged a consortium led by the original developers of Ajaokuta Steel Company Limited (ASCL), Tyamzhpromexport (TPE), to revive the steel plant. The Honourable Minister, who met with the consortium comprising a team from Russia’s TPE/Rostec, Novostal, and Nigeria’s Proforce in his office on Thursday, 25th April 2024 in Abuja, urged them to put together a blueprint for the revival of the Steel Plant within the shortest possible time. This, he says, is in line with President Bola Ahmed Tinubu’s “Renewed Hope Agenda”, which is keen on ensuring the production of steel in the country and industrialising Nigeria through the Steel Sector before the end of his first term in office. The Honourable Minister Audu said following the meeting, he intends to visit Moscow on a formal invitation from TPE and other consortium partners to engage in further discussions to secure funding to the tune of about $2 billion, which is required for the revival of the entire steel plant. The Honourable Minister thanked the Embassy of the Russian Federation in Nigeria for facilitating the meeting with the TPE Consortium, which, if gotten right, will be a monumental success in driving Nigeria’s economy through industrialisation. Mr. Sergei Egorov, General Director of TPE and leader of the Consortium commended the Honourable Minister for the steps he has taken so far in putting together the Consortium for the resuscitation of the steel plant, which has been moribund for years. Egorov and his team of technical experts, who had earlier gone on a tour of the Steel Complex a few days earlier, noted that the plant was still in a state of possible resuscitation, indicating their interest in putting together a business case for the government. “We came with our technical experts and are quite impressed at the current state of the Ajaokuta Steel Plant. We would do a full technical audit of the plant and then take a final decision”. “We are happy to come on board the resuscitation of the steel plant for the benefit of Nigerians,” Egorov said. Mr. Valery Shaposhnikov, Deputy Head of the Russian Embassy in Abuja, Nigeria, also commended the potential partnership, which he says would be carefully reviewed for the mutual benefit of both countries. He expressed optimism in the vision of President Bola Ahmed Tinubu GCFR to revive Ajaokuta, adding that this is the first time since the Shehu Shagari Administration in 1979 that a Nigerian government is showing great political will in getting the Steel Plant operational again.

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Mar
21
2024

MINISTRY OF STEEL DEVELOPMENT COMMITTED TO DELIVER ON MANDATE- MINISTER The Minister of Steel Development, Prince Shuaibu Abubakar Audu has assured Nigerians of the Ministry’s commitment to deliver on President Bola Ahmed Tinubu’s Key Priority of growing the Gross Domestic Product (GDP) of the country for sustainable economic and infrastructural greatness through the Steel Sector. The Minister gave this assurance while delivering his keynote address at the 2-Day Ministerial Management Retreat Organised by the Ministry to chart a course for achieving its Presidential Priorities held on Thursday 21st- Friday, 22nd of March, 2024 in Abuja. According to him, the reviewed Presidential 8-Key Priorities has the Steel Sector as focal point for driving the economic development of the country. “A critical evaluation of the eight (8) Point Agenda suggests the critical place of the Steel sector in the realization of these goals especially in the areas of industrialization, manufacturing and unlocking the natural resources potentials of the country”. Speaking further, Prince Audu, while giving an overview of the steel industry from conceptualization in 1958, stated that despite the ugly history of Steel Development in Nigeria in the past four decades, the President Bola Ahmed Tinubu’s administration has shown willingness to address the protracted challenges facing the industry. According to him, the creation of Ministry of Steel will give direct focus to the sector for it to become the bedrock of industrialization of the Nigeria economy. In his remarks, the Minister of State of the Ministry, His Excellency, Uba Maigari Ahmadu, stated that the Retreat will afford the Management Staff the opportunity to dissect each of the eight key priorities of the administration and explore ways to translate them into actionable strategies for the Ministry. He noted that the retreat will offer the valuable opportunity to: Deeply understand how each of the eight priorities intersects with the steel industry; Develop a comprehensive Roadmap that will align to the Ministry’s strategies with the Eight Presidential Priority areas; Identify Key Performance Indicators (KPIs) to measure progress and ensure accountability; Formulate Actionable Plans with realistic timelines and resource allocation for each priority area; Foster collaboration between the Ministry, the National Assembly, and stakeholders across the industry, among others. He urged members to actively participate, share insights, and engage in constructive dialogue, open discussions, brainstorming sessions, adding that participants should use the opportunity to make a tangible difference for the steel industry and for the nation. Delivering her welcome address, the Permanent Secretary, Ministry of Steel Development/Ministry of Solid Minerals Development, Dr. Mary A Ogbe, stated that the theme of the retreat, “Delivering on the Eight Presidential Priorities,” aligns perfectly with the Ministry’s goal of ensuring the optimal utilization of the country’s steel resources for the overall benefit of the nation and its citizens. She implores participants to actively engage in the deliberations and contribute constructively towards charting a path forward for the steel industry that will propel the nation towards a brighter and more prosperous future. Also speaking at the event, the Chairman, Senate Committee on Steel Development, Sen. Patrick Ndubueze, reiterated the importance of the Ministerial Management Retreat as it offers an avenue for stakeholders to brainstorm, propose as well as propound ways to move the sector forward and harness the benefits for economic development of the country. Earlier, in his goodwill message, Chairman, House Committee on Steel Development, Dr. Zainab Gimbal, represented by the Deputy Chairman, Hon. Yusuf Umar Datti, stated that the House Committee attaches great significance to the development of the steel sector, as it would provide about five thousand (5000) direct and indirect jobs for Nigerians when optimally developed.  

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PRINCE SHAIBU A. AUDU
Honorable Minister
Federal Ministry of Steel Development
DR. CHRIS O. ISOKPUNWU
Permanent Secretary
Federal Ministry of Steel Development

Vision

“To have a virile sustainable and inclusive steel industry that can compete globally and be driving for industrial and economic growth of our country while maintaining internationally acceptable standard”

Mission

“To ensure industry and Government strengthen the capability and competitiveness of Nigeria steel industry to achieve self sufficiency in steel production by providing policy support and guardian and to help mitigate potential challenges and barriers that are preventing the growth of Nigeria steel industry”

PUBLIC ANNOUNCEMENT


The attention of the Federal Ministry of Steel Development has been drawn to recent media reports regarding the future of the Ajaokuta Steel Company Limited (ASCL).
While we note the concerns expressed, it is important to state that the Federal Government remains firmly committed to the development of Nigeria’s steel sector, including the resuscitation of ASCL.

A comprehensive technical and financial audit of the plant is presently underway to ensure that any decision taken is transparent, data-driven and in the best interest of Nigeria. The overall assessment of the previous technical audit report dated 2018 maintained that the general status of the Steel Plant is in robust condition except for normal deterioration of replaceable parts and recommended automation of manual control systems for improved efficiency.  The Ministry remains confident that the updated audit will provide a sound basis for decisive action that advances Nigeria’s industrial aspirations.

The Federal Government is determined to build a competitive and modern steel industry that supports national industrialization and infrastructure growth.

Salamatu Jibaniya
Head, Press and Public Relations Department
for:  Ministry of Steel Development

 


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PHOTO NEWS


Feb
13
2026

2024/2025 BUDGET APPRAISAL AND 2026 BUDGET DEFENCE DRIVE STEEL SECTOR OVERSIGHT

Prince Shuaibu Abubakar Audu, Honourable of Steel Development (L) with Honorable Dr. Zainab Gimba (R), Chairman, House of Representatives Committee on Steel Development during the Ministry's appearance before the House of Representatives Committee on Steel for the Appraisal of the 2024/2025 Budget Performance and the Defence of the 2026 Budget Proposal of the Ministry, held on Thursday 12th February 2026 in Abuja.

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PHOTO NEWS


Feb
11
2026

STEEL MINISTER AND SENATE COMMITTEE LEADERS MEET FOR 2024/2025 BUDGET APPRAISAL AND 2026 BUDGET DEFENCE AT NATIONAL ASSEMBLY

Senator Natasha Akpoti-Uduaghan, Vice-Chairman, Senate Committee on Steel;  Senator Patrick Ndubueze, Chairman Senate Committee on Steel and the Honourable Minister of Steel Development, Prince Shuaibu Abubakar Audu during the Ministry's appearance before the Senate Committee on Steel Development for the Appraisal of the 2024/2025 Budget Performance and the Defence of the 2026 Budget Proposal of the Ministry

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